Quote:
Originally Posted by Olorin
What I don't understand is why a bank that is pulling in over a billion in profit is being so aggressive with a policy that most customers and potential customers will be outraged by when they find out about it--especially if it only brought in 203M over 4 years. Why risk the PR hit for 50M/year when you're pulling in 2B overall?
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It's all about the short term gains these days. Goldman Sach's policy used to be called "long term greedy" -- meaning they were investing smartly for the long haul. These days though it's all about the quick buck: get in, sell the watermelon you're pushing out the window, get out before it hits the pavement.